Insurance principles applications

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Fundamentals of Insurance

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Insurance principles applications

  1. 1. Insurance <br />Principles & Applications<br />J. Karthikeyan, Director, Finerva<br />
  2. 2. History of Insurance<br />Insurance as a form originated during 13th and 14th Century.<br />India…..<br /> First Life Insurance company:<br /> Sun Insurance Office Ltd. Kolkata (1710)<br />First Indian Insurance Company<br /> Bombay Mutual Life Society Limited (1870)<br />
  3. 3. Insurance<br />A Tool for Risk Management<br />Functions based on Principles<br />Law of Large Numbers<br />Law of Indemnity<br />Law of Utmost Good Faith<br />Law of Insurable Interest<br />
  4. 4. Do I Need Insurance?<br />Do you love your loved ones till you are alive or till they are alive?<br />Needs<br />Milestone Planning<br />Income Replacement<br />Retirement Planning<br />
  5. 5. ULIPs – The Talk of Town (Industry)<br />Premium<br />Mortality<br />Admin Charges<br />Investment <br />
  6. 6. LifeTime Super <br />Unique Selling Proposition<br />Flexibility<br />Premium Amount<br />Life Cover<br />Liquidity<br />Premium Payment term<br />
  7. 7. Closing Remarks<br />Why I sell Insurance?<br />What you can do?<br />Be aware of risks<br />Protect Yourself and Your Loved Ones<br />Tell Others<br />
  8. 8. Queries<br />Thank you!!!<br />FINERVATM<br />

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